Gernandt & Danielsson has advised ICA Gruppen AB (publ) (”ICA”) in connection with an issue of four series of green bonds in a total amount of SEK 3.5 billion under ICA’s MTN programme. The bonds of SEK 1.25 billion and SEK 2.25 billion were issued with tenors of 3 and 5 years respectively, both tenors with fixed and floating interest rates. This represents ICA’s first green bond issue, following ICA’s recently established Green Finance Framework, developed to align with the ICMA Green Bond Principles.

Gernandt & Danielsson advised ICA with a team consisting of partners Mikael Borg and Mikael Bolling and senior associate Simon Wetterholm.